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ICICI Securities Report
Akzo Nobel India Ltd. has continued to report improving volume/revenue trajectory with every passing quarter which underlines the thesis that the turnaround is truly on track.
We believe lower flammable limit growth in Q1 FY22 was one of the highest among peers.
Our structural positive stance on Akzo Nobel is intact, as-
it has strengthened product portfolio via multiple differentiated launches in past two years. It has introduced India's first bio-based premium interior emulsion in August 2021,
expanded distribution network to 19,000 plus outlets and 14,000 tinting machines and
also focused on brand building initiatives such as Dulux Assurance.
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